Matthew Ellis, Matt Jacobs, Guy Penini & Sam Kuiumdjian Acquire Multifamily Asset In Hayward For $34M
2191 West Tennyson Road
$34,000,000
$142/SF
Building Size
239,471 SF
Asset Type
MultiFamily
Closing
May 1, 2024
AI
The asset involved in this transaction is a multifamily property located at 2191 West Tennyson Road in Hayward. The sale price for the property was $34,000,000, comprising 252 units and a total square footage of 239,471. The price per unit stands at $134,921, and the price per square foot is documented at $142.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,000,000
- Units: 252
- Total Square Footage: 239,471
- Price Per Unit: $134,921
- Price Per Square Foot: $142
- Buyer: Matthew Ellis, Matt Jacobs, Guy Penini & Sam Kuiumdjian - BLDG Partners
- Seller: Volunteers Of America
- Broker: Mike Canori - CBRE
The transaction involved notable individuals, with the buyer represented by Matthew Ellis, Matt Jacobs, Guy Penini, and Sam Kuiumdjian from BLDG Partners. The seller was Volunteers Of America, while the broker facilitating the deal was Mike Canori from CBRE.
Players
Hayward MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93